Federal Reserve's Yellen, Plosser & Bullard Speak At AEA Conference

Federal Reserve's Yellen, Plosser & Bullard Speak At AEA Conference

Fed's Plosser Says U.S. Growth Potential May Be Cut Permanently

Bloomberg

Charles Plosser, president of the Federal Reserve Bank of Philadelphia, pauses during a panel discussion at the American Economic Association's annual meeting in San Diego, California, U.S., on Friday, Jan. 4, 2013. Plosser said the last recession was a shock that seems to have permanently reduced the potential long-term growth of U.S. gross domestic product. Photographer: Sam Hodgson/Bloomberg via Getty Images

Charles Plosser, president of the Federal Reserve Bank of Philadelphia, pauses during a panel discussion at the American Economic Association's annual meeting in San Diego, California, U.S., on Friday, Jan. 4, 2013. Plosser said the last recession was a shock that seems to have permanently reduced the potential long-term growth of U.S. gross domestic product. Photographer: Sam Hodgson/Bloomberg via Getty Images

Fed's Plosser, Yellen and Bullard Speak At AEA Annual Meeting

Bloomberg

James Bullard, president of the Federal Reserve Bank of St. Louis, speaks at the American Economic Association's annual meeting in San Diego, California, U.S., on Friday, Jan. 4, 2013. One day after the Federal Reserve put forth dates at which it might end $85 billion a month of bond purchases, Bullard described the economic conditions that may warrant a halt to the policy. Photographer: Sam Hodgson/Bloomberg via Getty Images

James Bullard, president of the Federal Reserve Bank of St. Louis, speaks at the American Economic Association's annual meeting in San Diego, California, U.S., on Friday, Jan. 4, 2013. One day after the Federal Reserve put forth dates at which it might end $85 billion a month of bond purchases, Bullard described the economic conditions that may warrant a halt to the policy. Photographer: Sam Hodgson/Bloomberg via Getty Images

Fed's Plosser, Yellen and Bullard Speak At AEA Annual Meeting

Bloomberg

James Bullard, president of the Federal Reserve Bank of St. Louis, speaks at the American Economic Association's annual meeting in San Diego, California, U.S., on Friday, Jan. 4, 2013. One day after the Federal Reserve put forth dates at which it might end $85 billion a month of bond purchases, Bullard described the economic conditions that may warrant a halt to the policy. Photographer: Sam Hodgson/Bloomberg via Getty Images

James Bullard, president of the Federal Reserve Bank of St. Louis, speaks at the American Economic Association's annual meeting in San Diego, California, U.S., on Friday, Jan. 4, 2013. One day after the Federal Reserve put forth dates at which it might end $85 billion a month of bond purchases, Bullard described the economic conditions that may warrant a halt to the policy. Photographer: Sam Hodgson/Bloomberg via Getty Images

Fed's Plosser, Yellen and Bullard Speak At AEA Annual Meeting

Bloomberg

John Taylor, a professor of economics at Stanford University, listens at the American Economic Association's annual meeting in San Diego, California, U.S., on Friday, Jan. 4, 2013. One day after the Federal Reserve put forth dates at which it might end $85 billion a month of bond purchases, James Bullard, president of the Federal Reserve Bank of St. Louis, described the economic conditions that may warrant a halt to the policy. Photographer: Sam Hodgson/Bloomberg via Getty Images

John Taylor, a professor of economics at Stanford University, listens at the American Economic Association's annual meeting in San Diego, California, U.S., on Friday, Jan. 4, 2013. One day after the Federal Reserve put forth dates at which it might end $85 billion a month of bond purchases, James Bullard, president of the Federal Reserve Bank of St. Louis, described the economic conditions that may warrant a halt to the policy. Photographer: Sam Hodgson/Bloomberg via Getty Images

Fed's Plosser, Yellen and Bullard Speak At AEA Annual Meeting

Bloomberg

John Taylor, a professor of economics at Stanford University, listens at the American Economic Association's annual meeting in San Diego, California, U.S., on Friday, Jan. 4, 2013. One day after the Federal Reserve put forth dates at which it might end $85 billion a month of bond purchases, James Bullard, president of the Federal Reserve Bank of St. Louis, described the economic conditions that may warrant a halt to the policy. Photographer: Sam Hodgson/Bloomberg via Getty Images

John Taylor, a professor of economics at Stanford University, listens at the American Economic Association's annual meeting in San Diego, California, U.S., on Friday, Jan. 4, 2013. One day after the Federal Reserve put forth dates at which it might end $85 billion a month of bond purchases, James Bullard, president of the Federal Reserve Bank of St. Louis, described the economic conditions that may warrant a halt to the policy. Photographer: Sam Hodgson/Bloomberg via Getty Images

Fed's Plosser, Yellen and Bullard Speak At AEA Annual Meeting

Bloomberg

John Taylor, a professor of economics at Stanford University, listens at the American Economic Association's annual meeting in San Diego, California, U.S., on Friday, Jan. 4, 2013. One day after the Federal Reserve put forth dates at which it might end $85 billion a month of bond purchases, James Bullard, president of the Federal Reserve Bank of St. Louis, described the economic conditions that may warrant a halt to the policy. Photographer: Sam Hodgson/Bloomberg via Getty Images

John Taylor, a professor of economics at Stanford University, listens at the American Economic Association's annual meeting in San Diego, California, U.S., on Friday, Jan. 4, 2013. One day after the Federal Reserve put forth dates at which it might end $85 billion a month of bond purchases, James Bullard, president of the Federal Reserve Bank of St. Louis, described the economic conditions that may warrant a halt to the policy. Photographer: Sam Hodgson/Bloomberg via Getty Images

Fed's Plosser, Yellen and Bullard Speak At AEA Annual Meeting

Bloomberg

Kevin Kliesen, an economist at the Federal Reserve of St. Louis, speaks at the American Economic Association's annual meeting in San Diego, California, U.S., on Friday, Jan. 4, 2013. One day after the Federal Reserve put forth dates at which it might end $85 billion a month of bond purchases, James Bullard, president of the Federal Reserve Bank of St. Louis, described the economic conditions that may warrant a halt to the policy. Photographer: Sam Hodgson/Bloomberg via Getty Images

Kevin Kliesen, an economist at the Federal Reserve of St. Louis, speaks at the American Economic Association's annual meeting in San Diego, California, U.S., on Friday, Jan. 4, 2013. One day after the Federal Reserve put forth dates at which it might end $85 billion a month of bond purchases, James Bullard, president of the Federal Reserve Bank of St. Louis, described the economic conditions that may warrant a halt to the policy. Photographer: Sam Hodgson/Bloomberg via Getty Images

Fed's Plosser, Yellen and Bullard Speak At AEA Annual Meeting

Bloomberg

Kevin Kliesen, an economist at the Federal Reserve of St. Louis, speaks at the American Economic Association's annual meeting in San Diego, California, U.S., on Friday, Jan. 4, 2013. One day after the Federal Reserve put forth dates at which it might end $85 billion a month of bond purchases, James Bullard, president of the Federal Reserve Bank of St. Louis, described the economic conditions that may warrant a halt to the policy. Photographer: Sam Hodgson/Bloomberg via Getty Images

Kevin Kliesen, an economist at the Federal Reserve of St. Louis, speaks at the American Economic Association's annual meeting in San Diego, California, U.S., on Friday, Jan. 4, 2013. One day after the Federal Reserve put forth dates at which it might end $85 billion a month of bond purchases, James Bullard, president of the Federal Reserve Bank of St. Louis, described the economic conditions that may warrant a halt to the policy. Photographer: Sam Hodgson/Bloomberg via Getty Images

Fed's Plosser, Yellen and Bullard Speak At AEA Annual Meeting

Bloomberg

Donald Kohn, former Vice Chairman of the Board of Governors of the Federal Reserve System, speaks at the American Economic Association's annual meeting in San Diego, California, U.S., on Friday, Jan. 4, 2013. One day after the Federal Reserve put forth dates at which it might end $85 billion a month of bond purchases, James Bullard, president of the Federal Reserve Bank of St. Louis, described the economic conditions that may warrant a halt to the policy. Photographer: Sam Hodgson/Bloomberg via Getty Images

Donald Kohn, former Vice Chairman of the Board of Governors of the Federal Reserve System, speaks at the American Economic Association's annual meeting in San Diego, California, U.S., on Friday, Jan. 4, 2013. One day after the Federal Reserve put forth dates at which it might end $85 billion a month of bond purchases, James Bullard, president of the Federal Reserve Bank of St. Louis, described the economic conditions that may warrant a halt to the policy. Photographer: Sam Hodgson/Bloomberg via Getty Images

Fed's Plosser, Yellen and Bullard Speak At AEA Annual Meeting

Bloomberg

Donald Kohn, former Vice Chairman of the Board of Governors of the Federal Reserve System, listens at the American Economic Association's annual meeting in San Diego, California, U.S., on Friday, Jan. 4, 2013. One day after the Federal Reserve put forth dates at which it might end $85 billion a month of bond purchases, James Bullard, president of the Federal Reserve Bank of St. Louis, described the economic conditions that may warrant a halt to the policy. Photographer: Sam Hodgson/Bloomberg via Getty Images

Donald Kohn, former Vice Chairman of the Board of Governors of the Federal Reserve System, listens at the American Economic Association's annual meeting in San Diego, California, U.S., on Friday, Jan. 4, 2013. One day after the Federal Reserve put forth dates at which it might end $85 billion a month of bond purchases, James Bullard, president of the Federal Reserve Bank of St. Louis, described the economic conditions that may warrant a halt to the policy. Photographer: Sam Hodgson/Bloomberg via Getty Images

Fed's Plosser, Yellen and Bullard Speak At AEA Annual Meeting

Bloomberg

Donald Kohn, former Vice Chairman of the Board of Governors of the Federal Reserve System, listens at the American Economic Association's annual meeting in San Diego, California, U.S., on Friday, Jan. 4, 2013. One day after the Federal Reserve put forth dates at which it might end $85 billion a month of bond purchases, James Bullard, president of the Federal Reserve Bank of St. Louis, described the economic conditions that may warrant a halt to the policy. Photographer: Sam Hodgson/Bloomberg via Getty Images

Donald Kohn, former Vice Chairman of the Board of Governors of the Federal Reserve System, listens at the American Economic Association's annual meeting in San Diego, California, U.S., on Friday, Jan. 4, 2013. One day after the Federal Reserve put forth dates at which it might end $85 billion a month of bond purchases, James Bullard, president of the Federal Reserve Bank of St. Louis, described the economic conditions that may warrant a halt to the policy. Photographer: Sam Hodgson/Bloomberg via Getty Images

Fed's Plosser, Yellen and Bullard Speak At AEA Annual Meeting

Bloomberg

James Bullard, president of the Federal Reserve Bank of St. Louis, speaks at the American Economic Association's annual meeting in San Diego, California, U.S., on Friday, Jan. 4, 2013. One day after the Federal Reserve put forth dates at which it might end $85 billion a month of bond purchases, Bullard described the economic conditions that may warrant a halt to the policy. Photographer: Sam Hodgson/Bloomberg via Getty Images

James Bullard, president of the Federal Reserve Bank of St. Louis, speaks at the American Economic Association's annual meeting in San Diego, California, U.S., on Friday, Jan. 4, 2013. One day after the Federal Reserve put forth dates at which it might end $85 billion a month of bond purchases, Bullard described the economic conditions that may warrant a halt to the policy. Photographer: Sam Hodgson/Bloomberg via Getty Images

Fed's Plosser, Yellen and Bullard Speak At AEA Annual Meeting

Bloomberg

Janet Yellen, vice chairman of the U.S. Federal Reserve, smiles before speaking at the American Economic Association's annual meeting in San Diego, California, U.S., on Friday, Jan. 4, 2013. Yellen said financial markets should be regulated more tightly to reduce the risk of 2008-like credit crises. Photographer: Sam Hodgson/Bloomberg via Getty Images

Janet Yellen, vice chairman of the U.S. Federal Reserve, smiles before speaking at the American Economic Association's annual meeting in San Diego, California, U.S., on Friday, Jan. 4, 2013. Yellen said financial markets should be regulated more tightly to reduce the risk of 2008-like credit crises. Photographer: Sam Hodgson/Bloomberg via Getty Images

Fed's Plosser, Yellen and Bullard Speak At AEA Annual Meeting

Bloomberg

Janet Yellen, vice chairman of the U.S. Federal Reserve, speaks at the American Economic Association's annual meeting in San Diego, California, U.S., on Friday, Jan. 4, 2013. Yellen said financial markets should be regulated more tightly to reduce the risk of 2008-like credit crises. Photographer: Sam Hodgson/Bloomberg via Getty Images

Janet Yellen, vice chairman of the U.S. Federal Reserve, speaks at the American Economic Association's annual meeting in San Diego, California, U.S., on Friday, Jan. 4, 2013. Yellen said financial markets should be regulated more tightly to reduce the risk of 2008-like credit crises. Photographer: Sam Hodgson/Bloomberg via Getty Images

Charles Plosser, president of the Federal Reserve Bank of... Fotografía de noticiasAcontecimiento anual,Alimentar,América del norte,Banco central,California,Charles I. Plosser,Discusión,EE.UU.,Economía,Gobierno,Horizontal,Las Américas,Medios de comunicación,Política,Presidente,Reserva Federal,Reunión,San DiegoPhotographer BloombergCollection: Bloomberg 2013 BloombergCharles Plosser, president of the Federal Reserve Bank of Philadelphia, pauses during a panel discussion at the American Economic Association's annual meeting in San Diego, California, U.S., on Friday, Jan. 4, 2013. Plosser said the last recession was a shock that seems to have permanently reduced the potential long-term growth of U.S. gross domestic product. Photographer: Sam Hodgson/Bloomberg via Getty Images